Reliance Global Group, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Reliance Global Group, Inc. (RELI) on November 14, 2024, reporting events occurring on November 11, 2024. The filing concerns the upcoming Annual Meeting of Stockholders scheduled for December 16, 2024.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The only financial data disclosed relates to proxy solicitation costs:
- Proxy Solicitation Fee: $11,500 fixed fee paid to Morrow Sodali LLC.
- Additional Costs: Potential per-stockholder fees and reimbursement of reasonable out-of-pocket expenses for the solicitation firm.
Material Changes
There are no material changes to financial results or business operations reported in this filing. The primary update is the engagement of Morrow Sodali LLC to assist in proxy solicitation following the initial mailing of proxy materials on October 31, 2024. The Company states that no changes have been made to the Proposals to be voted on by stockholders.
Outlook, Risks, and Management Commentary
Management is actively soliciting proxies to ensure a quorum (at least a majority of shares entitled to vote) and approval of the Proposals. Directors and officers may also solicit proxies via telephone, mail, or in person without additional compensation. The filing urges stockholders to read the definitive Proxy Statement filed on October 31, 2024, before making voting decisions.
Key Facts for Investor Verification
- Verify the specific Proposals listed in the definitive Proxy Statement filed on October 31, 2024.
- Confirm the record date for the Annual Meeting is October 17, 2024.
- Note that the Annual Meeting will be held virtually on December 16, 2024, at 1:00 p.m. Eastern time.
- Review the total potential cost of proxy solicitation, including variable per-stockholder fees.